3 Commonly Asked Questions About Filing for Chapter 7 Bankruptcy

3 Commonly Asked Questions About Filing for Chapter 7 Bankruptcy

Get answers from our bankruptcy attorney in Oklahoma City, OK

While many Oklahoma City, OK residents understand that filing for Chapter 7 bankruptcy can give them a fresh start, they're often concerned about the implications. At William C Bowlby - Attorney at Law, A Professional Corporation, you can get the legal guidance you need to make informed decisions.

Read our FAQ to get started:

  1. "If my employer finds out I filed for bankruptcy, could I lose my job?" No, your employer can't fire you just because you filed for Chapter 7 bankruptcy. You're protected from discriminatory treatment under title 11 of the U.S. Code ยง 525.
  2. "If I file for Chapter 7 bankruptcy, will I lose my tax refund?" You might. In many Chapter 7 bankruptcy cases, the trustee appointed to liquidate a borrower's assets uses the tax refund to help pay off debts.
  3. "Do I qualify for Chapter 7 bankruptcy?" If you pass the means test and haven't declared bankruptcy recently, then yes, you could qualify for Chapter 7 bankruptcy. However, it's a smart idea to speak with a bankruptcy attorney about your situation.


Want more information about filing for bankruptcy? Check out our Blog now.

If you'd like to speak with an experienced Chapter 7 bankruptcy attorney, schedule a consultation at our Oklahoma City, OK law firm.